XPO (NYSE:XPO) Stock Price Down 5.5% – What’s Next?

Shares of XPO, Inc. (NYSE:XPO) were down 5.5% on Wednesday . The company traded as low as $201.78 and last traded at $202.46. Approximately 1,021,834 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 1,647,647 shares. The stock had previously closed at $214.27.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial set a $240.00 price target on shares of XPO in a report on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and issued a $233.00 price objective on shares of XPO in a research report on Friday, May 1st. Barclays raised their target price on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Finally, Jefferies Financial Group increased their price objective on XPO to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $218.10.

XPO Stock Down 5.8%

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market cap of $23.70 billion, a PE ratio of 69.12, a P/E/G ratio of 2.56 and a beta of 1.83. The business’s 50-day simple moving average is $213.84 and its 200 day simple moving average is $184.94.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 EPS. As a group, equities research analysts expect that XPO, Inc. will post 4.85 earnings per share for the current year.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the sale, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On XPO

Hedge funds have recently made changes to their positions in the stock. Toth Financial Advisory Corp raised its holdings in XPO by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of XPO in the 4th quarter valued at about $28,000. Torren Management LLC bought a new stake in shares of XPO in the 4th quarter valued at about $37,000. International Assets Investment Management LLC purchased a new position in shares of XPO in the 4th quarter worth approximately $41,000. Finally, Horizon Investments LLC purchased a new position in shares of XPO in the 3rd quarter worth approximately $39,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.